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Monastery Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2022. It holds total assets of $17.8M. Annual income is reported at $3.8M. PURCHASE OF ASSETS INCLUDING REAL ESTATE PROPERTIES AND ARTWORK FOR USE IN FUTURE EDUCATIONAL DISPLAYS TO THE PUBLIC, ARCHIVING WORKS AND HISTORICAL DATA WITH RESPECT TO ARTISTS OF COLOR, AND THE CREATION OF COLLABORATION SPACES AND ARTIST-IN-RESIDENCE LOCATIONS TO SUPPORT THE ARTS AND DEVELOPING ARTISTS. According to available records, Monastery Foundation has made 1 grants totaling $25K, with a median grant of $25K. Grant recipients are concentrated in District of Columbia. Contributions to this foundation are tax-deductible.
PURCHASE OF ASSETS INCLUDING REAL ESTATE PROPERTIES AND ARTWORK FOR USE IN FUTURE EDUCATIONAL DISPLAYS TO THE PUBLIC, ARCHIVING WORKS AND HISTORICAL DATA WITH RESPECT TO ARTISTS OF COLOR, AND THE CREATION OF COLLABORATION SPACES AND ARTIST-IN-RESIDENCE LOCATIONS TO SUPPORT THE ARTS AND DEVELOPING ARTISTS.
Expenses: $4.9M
PURCHASE OF ASSETS INCLUDING REAL ESTATE PROPERTIES AND ARTWORK FOR USE IN FUTURE EDUCATIONAL DISPLAYS TO THE PUBLIC, ARCHIVING WORKS AND HISTORICAL DATA WITH RESPECT TO ARTISTS OF COLOR, AND THE CREATION OF COLLABORATION SPACES AND ARTIST-IN-RESIDENCE LOCATIONS TO SUPPORT THE ARTS AND DEVELOPING ARTISTS. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in DC.
Monastery Foundation has distributed a total of $25K across 1 grants. The median grant size is $25K, with an average of $25K. Individual grants have ranged from $25K to $25K.
Monastery Foundation typically selects its grantees rather than accepting unsolicited proposals.
Monastery Foundation is headquartered in CHICAGO, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Theaster Gates | PRESIDENT | $0 | $0 | $0 |
| Emma German | SECRETARY | $0 | $0 | $0 |
| Troy Carter | DIRECTOR | $0 | $0 | $0 |
Total Giving
$155K
Total Assets
$5M
Fair Market Value
$5M
Net Worth
$5M
Grants Paid
$25K
Contributions
$4.1M
Net Investment Income
$0
Distribution Amount
$57K
Total Grants
1
Total Giving
$25K
Average Grant
$25K
Median Grant
$25K
Unique Recipients
1
Most Common Grant
$25K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hirschhorn Museum And Sculpture GardenGENERAL CHARITABLE/EDUCATIONAL | Washington, DC | $25K | 2022 |
Other foundations that have funded Monastery Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Frederick & Greta Smiley Charitable Foundation | $10 | 2021 | GENERAL USE |
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